Schroders to merge Japan Alpha Plus into £2.1bn Tokyo fund

Gibbs' £28m fund will merge into the Tokyo fund, managed by Rose (pictured), on 29 January, subject to approval by the Financial Conduct Authority and shareholders, who will be voting on the change at an extraordinary general meeting (EGM). Should the approval go ahead, the group will close the donor funds to buys and sales on 15 January, while model portfolios will be affected until the merger has been completed. Additionally, the fund's manager Gibbs will relocate to London from Tokyo in Q1 2016 to take up the newly created role of client portfolio manager for Japanese equities. ...